The Norman-Spencer Agency, Inc.’s marine insurance services division has launched the TradeWinds Yacht Insurance Program.
According to Paul Sexton, vice president of Norman-Spencer’s marine insurance services division, the addition of the new TradeWinds yacht program will drive Norman-Spencer’s growth in boat and yacht program management.
TradeWinds will provide flexible pricing and underwriting guidelines for yachts up to $2 million; including high limits for standard coverages at no cost, and also a suite of other endorsed options.
“The new program for large yachts will greatly expand our 35-year-running AquaPac program that serves small to mid-sized vessels,” added Sexton.
Both programs provide coverage for a full spectrum of boats, from personal watercraft to large sail and power yachts. Norman-Spencer is also the endorsed consumer insurance product of the Marine Retailers Association of the Americas (MRAA). The MRAA is a national association representing boat and engine dealers and other retailers across North America.
Norman-Spencer provides insurance services to clients and insurance buyers nationwide with over 10 proprietary in-house property and casualty insurance programs covering industries including marine, construction, transportation and professional lines.
Norman-Spencer’s Marine Insurance Services division has provided marine dealers, agents and tens of thousands of boat owners and fishermen with innovative, cost-effective insurance policies for more than 30 years.
Topics New Markets
Was this article valuable?
Here are more articles you may enjoy.
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
